Moorim P&P to Invest 280 Billion KRW in Building Eco-Friendly Recovery Boiler

Murim Group affiliate Murim P&P announced on the 17th that it will invest approximately 280 billion KRW to build a new eco-friendly recovery boiler at its Ulsan plant.

Murim P&P is the only domestic company producing pulp, the raw material for paper. The company converts 'black liquor,' a biomass fuel generated during the pulp production process, into renewable energy such as electricity and steam, which is then used in the production of paper and other products. The eco-friendly recovery boiler plays a key role as a core facility in converting black liquor into green energy.

The newly introduced eco-friendly boiler features the latest performance and excellent high efficiency, enabling about twice the energy production compared to existing boilers. This will not only drastically reduce greenhouse gas emissions but is also expected to save approximately 31.8 billion KRW annually in energy costs.

Murim P&P decided on this investment considering the positive effects of responding to the climate crisis and improving productivity. They are currently consulting with external experts with the goal of starting construction in the second half of this year.

A Murim P&P representative said, “Based on our pulp competitiveness and stable cash flow, the construction of the new eco-friendly boiler is expected to proceed smoothly,” and added, “Once the boiler is completed, it will bring both tangible and intangible positive effects such as cost reduction and environmental protection.”

Murim P&P also plans to actively explore the sale of surplus energy. The energy generated from the new eco-friendly boiler will be used to operate internal factories, and the company plans to develop sales channels targeting businesses that require this energy, thereby actively promoting the environmental value of black liquor and creating added value.

This content was produced with the assistance of AI translation services.